⚡️Senator Cynthia Lummis has introduced a bill calling for the creation of a strategic bitcoin reserve in the United States

It is supposed to reduce the national debt by purchasing 1 million BTC over five years.

In turn, the purchased bitcoin will be stored for at least 20 years.

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@cryptomillionare

Bloomberg analysts substantially lower likelihood of spot Ethereum ETF approval in May to 30%

Bloomberg ETF analysts have dropped their chances of a spot Ethereum ETF approval in May to 30%. In January, Balchunas said there was a 70% chance of approval by May, while his colleague James Seyffart had given a 60-65% estimate. "This Ethereum ETF cycle feels like the opposite of Bitcoin ETF approval odds at the moment. The more we see/hear (and don't see/hear) the less optimistic I become," said Seyffart on X. "We're ~73 days from the deadline and there really seems to be little to no movement."

Over the past 24 hours, 197,853 traders were liquidated, the total amount of liquidations is ~ $657.03 million?

The largest single liquidation order occurred on Binance - ?BTC/USDT worth $8.23M

? @cryptomillionare

More than $1.5 billion liquidated last month.

Longs: $538.25M/ Shorts: $973.21M

Bitwise Chief Investment Officer says ? Bitcoin could reach $100,000 - $200,000 or higher in 2024.

"There's too much demand and not enough supply."

? @cryptomillionare